PEXA, a digital platform business, reported an increase in total emissions to 10,709.3 tonnes CO2-e in FY26, primarily due to higher Scope 3 emissions. Despite this, the company maintained its commitment to net zero Scope 1 and 2 emissions, offsetting residual emissions through the purchase of renewable electricity instruments and verified carbon credits.
Material actions and disclosures
PEXA’s Scope 1 emissions decreased to 0.01 tonnes CO2-e in FY26 from 0.49 tonnes CO2-e in FY25, reflecting a change in the leakage rate applied for estimated fugitive emissions. Scope 2 market-based emissions were mitigated to zero through the purchase of Large-scale Generation Certificates (LGCs) for Australia and Renewable Energy Certificates (RECs) for non-renewable electricity purchased in the UK.
Scope 3 emissions increased to 10,709.3 gross tonnes CO2-e in FY26 from 9,170.5 tonnes CO2-e in FY25, primarily due to higher expenditure with information technology and data centre providers, including the establishment of a new disaster recovery site to strengthen operational resilience.
PEXA’s Melbourne, Sydney, and Leeds offices operated on 100% renewable electricity during FY26, with a total tenant electricity use of 58.5% GreenPower or the UK equivalent.
PEXA also reported recycling rates of 54% in Melbourne, 78% in Sydney, and 37% in Leeds, reflecting efforts to reduce waste and increase recycling across its operations.
PEXA’s approach to net zero Scope 1 and 2 emissions is based on reducing operational emissions where practicable, procuring renewable electricity for leased office operations, and addressing residual emissions through market-based instruments.